Egypt’s Prime Minister Mostafa Madbouly reviewed Egypt’s efforts to achieve economic reform in order to achieve economic, social, and environmental development in a comprehensive and sustainable manner during the Arab Economic Forum.
During his speech at the 27th session of the forum, which was held in Beirut on Thursday, Madbouly added that the Egyptian government has launched the “Strategy for Sustainable Development: Egypt’s Vision 2030” in February 2016, to be the general framework for the work programmes in the coming years.
He pointed out that the Egyptian government implemented many reforms and measures to achieve comprehensive and sustainable growth, increase competitiveness, restore investor confidence in the Egyptian economy, and motivate the economic growth by the private sector.
Madbouly stressed that despite the challenges, Egypt has already begun to reap some fruits and the positive results of the reforms and efforts exerted during the recent period. The most important of which is the Egyptian economy achieving the highest annual growth rate in 10 years (5.3%) in fiscal year 2017/18.
Moreover, Madbouly met with his Lebanese counterpart, Saad Al-Hariri, and discussed numerous issues of mutual concern as well as the developments in the Middle East.
The Egyptian delegation to the forum consists of the Minister of Petroleum and Mineral Resources, Tarek Al-Mulla; the Minister of Electricity and Renewable Energy, Mohamed Shaker; the Minister of Communications and Information Technology, Amr Talaat; the Minister of Investment and International Cooperation, Sahar Nasr; the Minister of Trade and Industry, Amr Nassar, and the Minister of Manpower, Mohamed Saafan.
For his part, Shaker briefed Al-Hariri on Egypt’s efforts in the sector of electricity, which Al-Hariri praised and expressed his country’s wish to benefit from Egypt’s experience in this matter.
Madbouly stressed that there are promising opportunities for cooperation between the two countries, especially in the field of electricity and energy, and increasing the volume of joint investments.